Teledyne Sells Printed Circuit Board Business

Thousand Oaks-based Teledyne Technologies said late last week that it has completed the sale of the assets of its printed circuit technology business (Teledyne PCT), to FTG Circuits. The deal was worth $9.3M in cash. Teledyne PCT was based in Hudson, New Hampshire, and had focused on design and manufacturing of rigid-flex printed circuit boards and assemblies used in the defense, aerospace and oil and gas industries. Teledyne said that business generated between $15.0M and $20.0M in annual revenues for each of the last three years.